ED arrested Chandrabhushan and Priyanka Singh in multi label marketing scam, interrogated husband and wife in Rs 307 crore scam case

Ranchi: ED had arrested Chandrabhushan Singh and his wife Priyanka Singh in the multi label marketing scam. Both of them collected Rs 307 crore from common people from many states including Jharkhand, Bihar, Karnataka, Assam. This money was deposited in 21 bank accounts. The husband and wife remained absconding for three years. During this period, Chandrabhushan invested all the money in real estate under fake names including Deepak Singh. ED interrogated Chandrabhushan Singh.

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The press release issued by the ED states that the Enforcement Directorate (ED), Ranchi Zonal Office has arrested Chander Bhushan Singh and his wife Priyanka, Director, M/s Maxizone Touch Pvt. Ltd. Arrested under the provisions of Prevention of Money Laundering Act (PMLA), 2002. The accused were arrested in a major financial fraud case involving misuse of public funds.

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Investigation under PMLA has revealed that the accused ran a fraudulent Multi-Level Marketing (MLM) scheme in which the general public was lured with high returns and attractive referral benefits every month. In this manner, they collected illegal deposits of approximately Rs 307 crore in more than 21 bank accounts, thereby generating Proceeds of Crime (POC). It was further revealed that accused directors Chander Bhushan Singh and Priyanka Singh absconded with the above mentioned public money. For the last three years he has been deliberately evading law enforcement agencies, including Jharkhand, Rajasthan and Assam police.

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turned black into white

According to the ED, investigation has indicated that the accused laundered the illegal money by acquiring various real estate properties through benami transactions and converting them into cash. To hide their identities and avoid arrest, the accused used fake identity documents, including using pseudonyms such as Deepak Singh and frequently changing their locations.

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The ED initiated its investigation on the basis of several First Information Reports (FIRs) lodged by police officers in Jharkhand, Bihar, Uttar Pradesh, Rajasthan and Karnataka regarding defrauding of the public by the company and its directors. ED also conducted search operations in this case on 16.09.2025 and 03.12.2025 at several premises located in Delhi, Noida, Ghaziabad, Vaishali (Bihar), Meerut, Ranchi and Dehradun. The search action was conducted under the provisions of Section 17 of PMLA, 2002.

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During the search, ED recovered fake identity cards, handwritten notes and diaries, which contained details of important financial transactions and cash transactions. In total, cash worth more than Rs 10 lakh, list of associates, account books of various entities, electronic devices such as laptops and mobile phones, crypto currency worth US$ 15,000 and documents and agreements related to several real estate properties were seized. Accused Chander Bhushan Singh has been sent to ED custody for 05 days as per the orders of Special Court (PMLA) Ranchi.

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